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New RichLazy Expert Advisor - MT5 Only

Over 80% pm, Over 70% win rate.

     This works from our over ten year-old tried and proven Trendline indicator (originally called the TCCI for Trend Confirmation and Close Indicator). This is by far the best indicator I have ever seen and so the Expert Advisor works like our manual trading. This new EA is an improved version of one we made a couple of years ago and opens far more trades. That said, it is more selective and I recommend only using it on the EUR/USD where it has performed well all year. The principle being that the EA opens a trade in the direction of the Trendline set to optimum 'Length' and with the best Stop Loss and Take Profit - classic trading with the trend. Most EAs have many adjustable inputs on the assumption the more the better. In fact, this just creates an EA which is then over-optimised for the test conditions and so more likely to fail after a slight change in those conditions. The only extra input we have is Minimum Candle size. which improves results.

     The new RichLazy EA has been updated to trade of the one hour chart and has only 4 inputs - TP and SL, minimum Candle Size plus the Length of the Trendline. It also has Start Time and End Time because the best time to trade each day is around the EU/UK market open when there is good movement without the often crazy volatility of the US open. This simplicity not only produces outstanding results but makes backtesting quick and easy with a full run taking only a couple of minutes. Testing has shown that the optimum time to trade is 8:00 to 9:00 chart time and the Trendline gives the best signals from the H1 chart. This is relatively long term trading the same as trading off the Daily chart to avoid the volatility we are getting now and trades average 12 hours with a large enough SL to be rarely hit (so sit back and relax rather than chart watch).

   This is for the recommended EUR/USD from July to November on a $1,000 account and absolute maximum recommended size of 1 Lot. I personally trade it with 0.6 Lots per $1,000 for more safety and still get over 80%pm.

    In 4 months we made an incredible $6,160 profit (let's be pessimistic and call it $5,600 after Swap fees) which is $1,400 a month or 140%. The maximum drawdown was $590, which is certainly also extremely high which is why I recommend trading at 0.5 Lots per $1,000 which still gives 70% a month clear profit. There were 30 trades which is a trade every 3 days and 22 were winners - 73% and that's with a larger TP than SL. Below is the trades charts where you can see that apart from a short flat period in the middle, growth was steadily upwards.

The EA comes with the Trendline Indicator which must be loaded into your MT5 to create the signals which the EA trades. It is already loaded with the correct settings for EUR/USD trading, so needs no Set File.      The EA and Trendline Indicator are tied to your account number, so make sure you know this before ordering. After payment email me your account number John@RichLazy.com      Trading is risky and past results do not guarantee future results so never trade with more than you can afford to lose.    The EA comes with a 7 day refund guarantee - contact me, not PayPal as they do not issue refunds!

Make sure you have a real money MT5 account before ordering and email me that account number. I will email you the files ASAP. All the best and good trading.                                     $149.00 Powered by

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 Installation and Guide

     You will receive the EA (RichLazyEA.mq5) and the Template file (RLEA.tpl) by email. It is essential to run your MT5 on a VPS (Virtual Private Server) to ensure 24 hour good Internet connection without having to leave your computer running. See my VPS Guide Here.

   Once you have your VPS you need to open it up using the login details provided. Do this by Right clicking on the rdp file you downloaded from the VPS Guide page and clicking ‘Edit’. Enter the details (Computer name is the IP address string of numbers) and make sure you SAVE at every opportunity! Then download the MT5 from your broker and install on the VPS, double click to install. Files can be copy/pasted into the VPS from your computer.

    You can use an ECN 'Raw Spread' account or a Standard account but you will need at least 1:100 Leverage or the Lot size will have to be reduced. Copy the RichLazyEA.mq5 into your MT5 by clicking on File/Open Data folder, double click MQL5 and paste it into Experts, copy and paste the Trendline.ex5 into the Indicators folder. Copy and paste the template file RLTrendEA.tpl into the Profiles/Templates folder and restart MT5 to load the new files. The EA takes the signals from the Trendline while it is in the folder.

    Next we need to load the EUR/USD chart if it is not already there chart by clicking View/Market Watch and finding it, then Right click on it and then click ‘Chart Window’. Be careful as some brokers have tradable and untradable versions listed. If this is the case, the tradable one will have a suffix - for example EURUSDi or EURUSDk. The EUR/USD chart must be on Hourly or H1.

    When you have loaded the chart, Right click on it, Templates and click RichLazyEA to load the EA and set it up looking nice! Make sure you have 'Algotrading' turned on at the top. Then, double click the EA icon top right and then set the Lot size for your capital and risk. Note that the default Lot size of 1 Lot is the absolute maximum safe recommendation per $1,000 capital. A very safe setting is 0.5 Lots per $1,000 capital. On MT5 most things including Navigator, Market Watch and Strategy Tester are found in the View menu. I will make a page on optimisation in the next day or two.

    With installation complete, you can check Algotrading at the top is on and leave it to run by itself. The EA icon top right is not as clear as on MT4 but it turns slightly blue when Algotrading is functional. You may need to ensure ‘Allow Algotrading’ is ticked in the EA Properties box in the Common tab. To bring up the EA Properties box, simply double click the EA icon top right.

    Lot size, TP and SL are obvious. It is only necessary to give a different Magic Number if you have another EA running on the same pair. Ignore the half symbols as these are a by product of converting the original EA from MT4 to MT5 before we modified it. Start Time and End Time is almost always best during the European Session as there is often too much volatility just before and during the US Session, particularly on news days. The default 8 to 9 means that trades will actually be opened at 8 but if we had 8 to 23, this is often long enough for the trade close and another to open - which we don't want as 8 is the optimum opening time and results are very time sensitive.

    TrendLine Length is to adjust the 'Length' or Period of the custom Trendline indicator and will be more sensitive but less reliable the shorter it is which is why we use the H1 chart rather than the D1 where Trend changes are much slower to show.